M Gonzalas started a new business on 1 November. In your ledger write up the double entry accounts needed to record the following transactions:

Nov 1 Started a new business with £5,000 in a business bank account 2 Bought goods costing £490 on credit fromWRycroft 3 Withdrew £250 cash from the bank and placed it in the cash box 4 Bought goods costing £175, paying in cash 5 Sold goods priced at £325 on credit to J Buckley 6 Bought some display equipment costing £550 on credit fi-om Thompson Ltd 7 Sold goods priced at £225 for cash 9 Bought goods on credit from G Stewart £595, andWRycroft £355 10 Sold surplus display equipment on credit to E Somes for £150 12 Sold goods on credit to F Armitage £220, J Buckley £295 14 M Gonzalas, the owner puts a further £500 cash into the business 16 Bought motor van costing £1,500, paying by cheque 18 Bought goods costing £420, paying in cash 20 Received a cheque for £150 from E Somes 21 Bought some shop fittings costing £150, paying in cash 22 Bought goods costing £225 on credit from G Stewart 24 Sold goods for £190 cash 26 The firm paidWRycroft £490 by cheque 27 J Buckley paid the firm £325 in cash 28 Bought goods costing £395 on credit from G Stewart 30 F Armitage paid the firm £220 by cheque